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4189 W Brookstown Dr 30 Unit Apartment Building $1,200,000 ($40,000/Unit) Baton Rouge, LA 70805
EXECUTIVE SUMMARY
This apartment complex features 31 units. 25 units are (1) bedroom, (1) bathroom and 6 units are (2) bedroom, (1) bathroom.
Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $115,240.
The property has undergone significant renovations in the last 5 years and is equipped with a large off-street parking lot.
Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10.
This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.
Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $115,240.
The property has undergone significant renovations in the last 5 years and is equipped with a large off-street parking lot.
Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10.
This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.
PROPERTY FACTS
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $40,000 | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 24,442 SF |
| No. Units | 30 | Average Occupancy | 48% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Low-Rise | Parking Ratio | 1.23/1,000 SF |
| Zoning | C1 - Light Commercial | ||
| Price | $1,200,000 |
| Price Per Unit | $40,000 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 24,442 SF |
| Average Occupancy | 48% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | C1 - Light Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
PROPERTY TAXES
| Parcel Number | 00308706 | Improvements Assessment | $0 |
| Land Assessment | $5,500 | Total Assessment | $5,500 |
PROPERTY TAXES
Parcel Number
00308706
Land Assessment
$5,500
Improvements Assessment
$0
Total Assessment
$5,500
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4189 W Brookstown Dr
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